This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Delta Calls Back More Pilots

Delta Air Lines (DALRQ) said Wednesday it will bring back 200 additional pilots in 2007, boosting the number of recalls announced this month to 1,900 and providing both the carrier and its pilots with another opportunity to say they don't need outside help in their reorganization effort.

Delta is seeking to fight off a hostile takeover bid by US Airways (LCC). Delta's creditors' committee is scheduled to meet Thursday with officials from both airlines to hear details of the competing reorganization plans, the first such session since the proposal was announced on Nov. 15, the Arizona Republic has reported.

Already this month, Delta has announced plans to recall 700 mechanics and other aircraft maintenance employees, as well as 1,000 flight attendants. For the year, recalls have totaled 900 maintenance employees and 1,200 flight attendants. The airline is also hiring airport and reservations agents.

As for pilots, the 200 recalls will bring Delta's active pilot total to 5,770 and will mean that offers have been extended to all but 154 pilots laid off since the Sept. 11 terrorist attacks. About 150 pilots have turned down recalls but remain eligible to return.

"We're aggressively pressing ahead with our standalone plan," said Steve Dickson, vice president of flight operations. "We're proceeding with the internal plans we have, including international expansion."

He said the demand for more pilots is fueled by increased aircraft utilization, longer international flights and the addition next year of 13 Boeing 757s. Delta last hired pilots in May 2001.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,078.67 +104.36 0.61%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,538.8950 -10.3310 -0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs